The role of health in retirement

TitleThe role of health in retirement
Publication TypeBook
Year of Publication2018
AuthorsGustman, AL, Steinmeier, TL
Series EditorPolachek, SW, Tatsiramos, K
Number of Pages229 - 297
PublisherEmerald Publishing Limited
ISBN Number978-1-78756-462-6
ISSN Number0147-9121
KeywordsHealth Conditions and Status, Medicare/Medicaid/Health Insurance, Retirement Planning and Satisfaction

A dynamic model of the evolution of health for those over the age of 50 is embedded in a structural, econometric model of retirement and saving. Effects of smoking, obesity, alcohol consumption, depression, and other proclivities on medical conditions are analyzed, including hypertension, diabetes, cancer, lung disease, heart problems, stroke, psychiatric problems, and arthritis. Compared to a population in good health, the current health of the population reduces retirement age by about one year. Including detailed health dynamics in a retirement model does not influence estimates of the marginal effects of economic incentives on retirement.

Citation Key10032